|APY (Annual Percentage Yield)||2.85%|
|Deposit Term||42 months|
TIAA Bank Bump Rate CD Review
TIAA Bank Bump Rate CD is offered by TIAA Bank, a bank founded in 1918 and based in New York, NY. TIAA Bank Bump Rate CD is available in 50 states (and Washington, DC).
Are cd accounts from TIAA Bank federally insured?
Yes, your TIAA Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does TIAA Bank offer?
- Bump Up
What APY does TIAA Bank offer on its CDs?
TIAA Bank Bump Rate CD offers an APY of 2.85% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What types of terms does TIAA Bank Bump Rate CD offer?TIAA Bank offers CD terms of the following lengths:
|APY (Annual Percentage Yield)||N/A|
What is the minimum deposit to open a CD account with TIAA Bank?
TIAA Bank Bump Rate CD requires a minimum initial deposit of $1,500 to open an account.
What types of early withdrawal penalties does TIAA Bank Bump Rate CD charge?
Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.
TIAA Bank does not charge an early withdrawal fee.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia